That’s exactly the way pay is supposed to work, the problem with pay traditionally is it’s been all upside and no downside. CEOs would often get all the credit and money for good times and then blame El Nino or some extraneous force for the downside. Now they are being forced to accept more responsibility.

Nell Minow

Nell Minow is an American film reviewer and writer who writes and speaks frequently on film, media, and corporate governance and investing. Ms. Minow was named one of the 20 most influential people in corporate governance by Directorship magazine in 2007. She was dubbed "the queen of good corporate governance" by BusinessWeek Online in 2003 and has received Lifetime Achievement awards from both the International Corporate Governance Network and Corporate Secretary Magazine.

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